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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.04-1.7%Nov 13 4:00 PM EST

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To: Robert J who wrote (40171)2/13/2000 1:12:00 PM
From: Michael Watkins  Read Replies (1) of 99985
 
The street get's paid on the commission & spread. They don't
care where you buy or sell.


No, the street's primary business is offing paper to bagholders. I've never done a study of this but if you look at *all* IPO's and determine how many of the initial investments panned out for folks, it would tell a sad tale.

Meanwhile the investment bankers and insiders get their cut regardless.

The little guy sometimes win, but the inside money always does.

Huge IPO run ups and drawdowns I am tempted to consider just another part of the process of picking bagholders pockets...
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